Funding round
Fluent.ai Seed
Fluent.ai, which works in speech recognition software development in Montreal, raised $7.5M in a Seed round announced on 6 Mar 2024, led by Hoxton Ventures and Tiferes Ventures. 2 firms took part. It is Fluent.ai's second venture round on record; the one before was a Seed in May 2017.
$7.5M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Fluent.ai did not disclose a valuation in this round. It came 82 months after Fluent.ai's Seed. It is 85% of the $8.8M Fluent.ai has raised in the venture rounds on record. No later venture round is on record for Fluent.ai.
Fluent.ai's funding rounds
Fluent.ai has 2 venture rounds on record. This one is highlighted.
- Seed 11 May 2017 $1.3M
- Seed this round 6 Mar 2024, led by Hoxton Ventures and Tiferes Ventures $7.5M
Investors
Who put money in
Hoxton Ventures and Tiferes Ventures led the round.
Lead investors
- Hoxton Ventures backs 50 venture-backed companies new investor
- Tiferes Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,438 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 2.1 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Mar 2024 | $20M | not disclosed | Index Ventures |
| Tech Companies | 27 Mar 2024 | $14M | not disclosed | not named |
| Tech Companies | 5 Mar 2024 | $14M | not disclosed | Octopus Ventures |
| Tech Companies | 27 Mar 2024 | $13M | not disclosed | UCL Technology Fund and Clean Growth Fund |
| Tech Companies | 26 Mar 2024 | $12M | not disclosed | Initialized |
| Tech Companies | 21 Mar 2024 | $12M | not disclosed | Maverick Ventures and Ten Eleven |
| Tech Companies | 26 Mar 2024 | $11M | not disclosed | Two Bear Capital |
| Tech Companies | 27 Mar 2024 | $10M | not disclosed | Castle Island Ventures |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Fluent.ai raise in its Seed round?
Fluent.ai raised $7.5M in its Seed round, announced in Mar 2024.
Who led Fluent.ai's Seed round?
Hoxton Ventures and Tiferes Ventures led it.
What was Fluent.ai's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,438 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 2.1 times the median.